HS Icon Gold in unwrought forms non-monetary

710812 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Gold in unwrought forms non-monetary. In 2019, Gold in unwrought forms non-monetary were the world's 7th most traded product, with a total trade of $253B. Between 2018 and 2019 the exports of Gold in unwrought forms non-monetary grew by 6.88%, from $237B to $253B. Trade in Gold in unwrought forms non-monetary represent 1.4% of total world trade.

Exports In 2019 the top exporters of Gold in unwrought forms non-monetary  were Switzerland ($50B), United Arab Emirates ($20.3B), Canada ($14.1B), United States ($12.8B), and Hong Kong ($11B).

Imports In 2019 the top importers of Gold in unwrought forms non-monetary were Switzerland ($55.8B), United Kingdom ($43B), United Arab Emirates ($27.5B), China ($25.4B), and India ($24.8B).

Tariffs In 2018 the average tariff for Gold in unwrought forms non-monetary was 4.54%, making it the 4483rd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Gold in unwrought forms non-monetary are Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), South Africa (0%), United Arab Emirates (0%), and China (0%).

Ranking Gold in unwrought forms non-monetary ranks 4801st in the Product Complexity Index (PCI).

Description Gold is commonly used in jewelry, electronics, dentistry, and other industries.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Switzerland, $50B

Top Destination (2019): Switzerland, $55.8B

Gold in unwrought forms non-monetary are the world's 7th most traded product.

In 2019, the top exporters of Gold in unwrought forms non-monetary were Switzerland ($50B), United Arab Emirates ($20.3B), Canada ($14.1B), United States ($12.8B), and Hong Kong ($11B).

In 2019, the top importers of Gold in unwrought forms non-monetary were Switzerland ($55.8B), United Kingdom ($43B), United Arab Emirates ($27.5B), China ($25.4B), and India ($24.8B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Australia, $6.6B

Top Destination Growth (2018 - 2019): United Kingdom, $27.1B

Between 2018 and 2019, the exports of Gold in unwrought forms non-monetary grew the fastest in Australia ($6.6B), Russia ($5.53B), United Arab Emirates ($4.78B), Thailand ($3.16B), and Mali ($1.97B).

Between 2018 and 2019, the fastest growing importers of Gold in unwrought forms non-monetary were United Kingdom ($27.1B), United Arab Emirates ($5.43B), Turkey ($1.61B), Australia ($1.41B), and France ($875M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Gold in unwrought forms non-monetary.

In 2019,  market concentration measured using Shannon Entropy, was 5.07. This means that most of the exports of Gold in unwrought forms non-monetary are explained by 33 countries.

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TOP NET EXPORTER (2019): South Africa, $9.76B

TOP NET IMPORTER (2019): United Kingdom, $37B

This map shows which countries export or import more of Gold in unwrought forms non-monetary. Each country is colored based on the difference in exports and imports of Gold in unwrought forms non-monetary during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Gold in unwrought forms non-monetary were South Africa ($9.76B), Canada ($8.97B), Peru ($6.73B), Russia ($6.29B), and Japan ($5.38B).

In 2019, the countries that had a largest trade value in imports than in exports of Gold in unwrought forms non-monetary were United Kingdom ($37B), India ($24.6B), China ($23.8B), Turkey ($8.47B), and United Arab Emirates ($7.24B).

Import Tariffs

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In 2018, the average tariff for importing Gold in unwrought forms non-monetary was 4.54%. The countries with the highest tariffs for importing Gold in unwrought forms non-monetary were Angola (50%), Ethiopia (34.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.